Balkrishna Industries Share Price Target: Stock Cracks 4% As Trump Tariffs Spook- 'Sell' Says Brokerage

Shares of Balkrishna Industries BKT) declined over 4% and hit an intraday low of Rs 2476.5 in trading session on Thursday after US President  Donald Trump  announced that a 25 per cent tariff on imported cars and light trucks would take effect next week. Yesterday, BKT's stock closed at Rs 2,581.35.

Trump Slaps Auto Tariffs 

The new levies, set to take effect on April 2 for vehicles and later in May for parts, are part of Trump's broader agenda to protect American industries and boost domestic manufacturing.

"If you build your car in the United States, there is no tariff," Trump stated at a press conference, making it clear that the policy aims to encourage companies to shift production to US soil.

When asked at a press conference whether there was any possibility of changing his stance, Trump firmly responded, saying, "No," and later added, "This is permanent."

The company primarily caters to more than 160 countries in the exports markets of Europe, America, and Australasia. The company exports a significant portion of its tyres to the United States and North America, with a North American office in Akron, Ohio and a warehouse in Wando, South Carolina.

Balkrishna Industries Q3 Results

Recently, the company announced a sharp 47 percent year-on-year (YoY) growth in third-quarter net profit to Rs 449.5 crore in the fiscal year 2024-25, vis-a-vis Rs 305.4 crore in the same quarter last fiscal. The jump in profit came from strong demand across key markets amid ongoing macroeconomic challenges.

Balkrishna Industries Share Price History 

Over the last 10 years, the share price of BKT has peaked at 743.2 per cent and in the last 5 years it has gained by 200.02 per cent. Also in 3 years, the stock rose 23.98%. In the short term, the stock has gained 10.74 per cent and over the last 6 months it got declined by 16.57% and even in the last month it crashed 5.43%

Balkrishna Industries Share Price Target

Brokerage firm Kotak Institutional Equities has assigned a 'SELL' rating to the stock, with a current market price (CMP) of Rs 2,581 and a target price of Rs 2,400.

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